Archives February 2024

Kramer Unveils Groundbreaking Panta Rhei – The Next Generation Audio-Visual Ecosystem Platform

Bengaluru, 6th February 2024 Kramer, the leading audio-visual experiences company, is excited to announce the launch of Panta Rhei, a single, centralized, cloud-based platform designed to reform the audio-visual ecosystem experience. Panta Rhei encompasses the entire audio-visual lifecycle, offering an unprecedented suite of services for System Integrators, IT/AV managers, and end-users.

The Next Generation Audio-Visual Ecosystem Platform

Panta Rhei is a reflection of Kramer’s vast experience and expertise in the audio-visual market. This platform, rooted in decades of industry leadership, showcases Kramer’s extensive intellectual property and profound engineering knowledge. Our deep involvement in the audio-visual sector has equipped us with an unparalleled understanding of both the technological and practical aspects of audio-visual environments, which is intricately woven into the Panta Rhei platform.

Kramer’s impressive install base, featuring hundreds of thousands of installations with millions of devices globally, is a cornerstone in the development of Panta Rhei. This extensive reach is a testament to Kramer’s ability to address diverse audio-visual needs on a large scale. Recognizing the complexity and variety of these installations, Panta Rhei is specifically designed to provide customers with a unified platform that is adept at managing not only all Kramer installations but also seamlessly integrates with third-party devices.

Panta Rhei is meticulously designed to serve the entire audio-visual ecosystem. It addresses the specific needs of various stakeholders, from system integrators to IT/AV managers and end-user applications. By catering to this broad spectrum of the audio-visual market, Panta Rhei stands as a versatile and inclusive platform, capable of elevating the audio-visual experience across multiple sectors and applications.

Comprehensive End-to-End Audio-Visual Lifecycle Experience

Panta Rhei is uniquely designed to support every stage of the audio-visual lifecycle, facilitating a seamless transition from planning and deployment to management, support, and end-user services. This holistic platform adds value at each point in the lifecycle, enhancing the user experience. It empowers System Integrators and IT/AV Managers to effortlessly and remotely set up and manage audio-visual environments across diverse sectors and applications.

Panta Rhei bridges the gap between IT and AV environments with a unique comprehensive approach that looks at the audio-visual cycle as one, allows a seamless transition of data, information, and consistent experience throughout the lifecycle, driving convergence by integrating traditional audio-visual capabilities with modern IT practices. This integration streamlines processes, enhancing operational efficiency and reliability. The convergence leads to increased uptime and device usage while simultaneously reducing support costs and time in the audio-visual realm.

“Panta Rhei reflects Kramer’s deep commitment to our customers and the entire audio-visual industry. This platform is the result of two years of intensive development, leveraging our four decades of expertise in the audio-visual sector. With Panta Rhei, we’re embracing a significant shift from hardware-centric solutions to a more software-driven approach, signaling a new era in audio-visual technology. This evolution is just the beginning. We’re dedicated to continually expanding Panta Rhei, introducing more services and capabilities to ensure our customers are equipped with the most advanced and efficient tools to meet their evolving needs,” says Gilad Yron, Kramer’s CEO.

Panta Rhei Services:

Panta Rhei is a service-based platform that not only simplifies the administration and control of audio-visual systems but also elevates their performance. Features include, but are not limited to:

Setup & Management: Quickly build, configure, and manage audio-visual environments, either remotely or on-site, thereby reducing time and resources required.

Monitor & Support: Enables effective tracking, monitoring, and health reporting of audio-visual environments to boost uptime and utilization. The platform’s integration with IT support systems and remote troubleshooting capabilities expedites support resolution, enhancing user satisfaction and operational efficiency.

Analytics: Gain actionable intelligence on meeting technologies, devices, and spaces usage, allowing for better planning, budgeting, and optimization of audio-visual resources.

Session Manager: Combining VIA and Quicklaunch, the Session Manager Service/Application facilitates easy initiation and management of sessions, ensuring a consistent user experience across all audio-visual spaces.

AVoIP Manager: An innovative cloud-based manager supporting multiple AVoIP technologies, seamlessly integrated within the Panta Rhei ecosystem.

Administration: Manage multiple users and customer relationships effectively, with flexible permissions and services for all levels.

Huawei OptiX OSN 1800 Series Once Again Ranks as the Only “Leader” in Access WDM by GlobalData

[Shenzhen, China, 6th February 2024] GlobalData, a global market intelligence firm, just released Packet-Optical Access: Competitive Landscape Assessment (Access WDM for short) for 2023. According to the report, Huawei OptiX OSN 1800 series offers leading architecture, excellent transmission performance, and mature commercial use cases. All this has helped Huawei rank as the only “Leader” with the highest score in access WDM by GlobalData. Last month, Huawei OptiX OSN 9800 series ranked as a “Leader” in backbone and metro WDM by GlobalData, marking the third consecutive year that Huawei WDM products rank “Leader” in all-scenario competitiveness reports including access, metro, and backbone WDM.

GlobalData evaluated access WDM products from multiple top vendors in ten dimensions, including data features, capacity, transmission performance, physical attributes and management, client interfaces, and OTN interfaces. Huawei OptiX OSN 1800 has been ranked as the only “Leader” in access WDM by GlobalData with the highest score.

“The Huawei OptiX OSN 1800 V Pro provides industry-leading high-speed client port density and industry-leading switching capacity,” said Emir Halilovic, Principal Analyst of GlobalData. “These features, together with diverse available client port types and high transmission capacity, enable carriers to use the OptiX OSN 1800 series in various transmission scenarios, including enterprise private lines and mobile transmission.”

Huawei OptiX OSN 1800 series products are applicable to integrated transmission scenarios such as home broadband, mobile bearing, and enterprise private line at metro ends. Huawei OptiX Alps-WDM solution leverages highly integrated OptiX OSN 1800 series devices to extend all-optical switching OXC from the core layer to the access layer. By building a dynamic bandwidth resource pool, the solution achieves 100G to site, helping carriers reduce network construction costs by more than 30%. In addition, the capacity meets the requirements of all-service development and evolution in the next 10 years, enabling carriers to build metro networks with the optimal total cost of ownership. The highlights are as follows:

Agile: Digital optical labels are developed to carry parameters such as wavelengths, spectral widths, and modulation formats without affecting channel services, cutting a large amount of labor costs and reducing O&M costs.
Long-term evolution: The 100G/200G fully-coherent optical module is customized for metro networks to optimize and integrate algorithms, silicon photonics ICTR integration, and receiver sensitivity to achieve the optimal cost per bit.

Pooling: The capabilities of nine traditional FOADM optical subracks are integrated into one ROADM optical subrack to build a wavelength resource sharing pool. In this way, each ring and node can apply for wavelengths on demand, saving device footprint and power consumption by more than 80%.

Simplified: As the industry’s first all-optical switching element, the MxN WSS optimizes the optical path layout, increases density, reduces insertion loss, and enhances the grooming capability. This extends all-optical switching OXC from the core layer to the aggregation and edge layers and enables E2E OXC capabilities.

Close the Care Gap: 1.4 Million Cancer Cases in India Calls for Urgent Intervention on World Cancer Day-2024

Close the Care Gap

New Delhi,6th February 2024: On the solemn occasion of World Cancer Day 2024, under the rallying theme of ‘Close the Care Gap,’ the Asian Coalition for Health Empowerment (ACHE) spotlights India’s concerning surge in cancer cases. Recent data reveals an alarming 1.4 million recorded cases in 2022, marking India as a hotspot for this life-threatening disease. ACHE expresses deep concern, particularly about modifiable risk factors, with tobacco emerging as a significant contributor to the growing burden of non-communicable diseases (NCDs).

Drawing inspiration from global success stories, countries like Sweden, Japan, and the UK have successfully implemented harm reduction policies, resulting in a notable decline in smoking rates and associated cancer cases.

Sweden’s smoking rate plummeted from 15% to a remarkable 5.6% over 15 years, marking it on the verge of being ‘smoke-free’ and boasting a 41% lower cancer incidence compared to the EU. In Japan, the smoking rate witnessed a sharp decrease between 2016 and 2019, with almost three in ten Japanese smokers quitting cigarettes. Following these success stories, Norway recently announced plans to legalise nicotine-containing alternatives in 2024.

Professor R Zimlichman from Tel Aviv University, Israel, commends Sweden’s success, stating, “Switching to smokeless alternatives has resulted in a 70% reduction in smoking-related deaths compared to neighbouring countries. Urging the adoption of harm reduction, he adds, “While quitting smoking is the ideal scenario to prevent cancer, the reality is that millions struggle to quit. Harm reduction provides a pragmatic and potentially life-saving alternative.”

One in nine Indians will develop cancer in their lifetime, with tobacco being the leading culprit. Yet, India ranks second in Asia for cancer burden despite adhering to WHO tobacco control policies. The answer lies in finding alternatives, not just outright bans.

As the world unites on World Cancer Day under the theme “Close the Care Gap,” the focus on tobacco-related cancers takes centre stage. The call for harm reduction measures becomes imperative, offering individuals alternatives to traditional tobacco and paving the way for a healthier future. Dr Chandrakant S Pandav, Padma Shri Awardee, Global Public Health Expert, Iodine Man of India, emphasises, “Success stories, such as Norway’s recent decision to legalise nicotine-containing alternatives, underline the importance of harm reduction in averting the impact of tobacco on cancer. Acknowledging the critical role harm reduction plays in steering away from the grip of cancer is paramount.”

With millions facing the grip of tobacco addiction, harm reduction presents a pragmatic path forward. It empowers individuals with safer choices, paving the way for a healthier future.

This World Cancer Day, let’s learn from global success stories and embrace harm reduction as a vital tool in the fight against tobacco-related cancers. By offering alternatives and tackling modifiable risk factors, we can close the care gap and build a healthier tomorrow for millions in India.

Shiv Nadar University Delhi-NCR Successfully Concluded 4th Edition of Genomics India Conference 2024

Shiv Nadar University Delhi

Greater Noida, 6th February 2024: Shiv Nadar University, Delhi NCR, India’s youngest Institution of Eminence (IoE), successfully concluded its three-day Genomics India Conference 2024 (GIC2024), that aimed at highlighting the latest research, technologies, breakthroughs, challenges, and strategies in understanding the genomics. Dr. Rajesh Gokhale, Secretary of the Department of Biotechnology, Government of India graced the event as its Chief Guest.

More than 500 renowned leaders in genomics from the US, UK, Europe, and Asia Pacific participated in the three-day conference. The event featured an impressive lineup of speakers, including Nobel laureates, leading researchers, government officials, and regulatory experts. Notable highlights included the workshop on next-generation sequencing (NGS) analytics and Genome Informatics Programme, providing attendees with practical insights into crucial topics such as NGS data QC, alignment/assembly, annotation, variant calling, interpretation, and reporting.

Genomics is the emerging science of understanding the human genome. It deals with the analysis of gene and genome and determines how the DNA in every human being affects individuality, health and disease. While genetics helps to know how some disease conditions are inherited in families. Profound analysis of complex diseases like asthma, cancer, diabetes, heart disease etc are performed by genomics studies because a combination of genetic and environmental factors causes these problems than just an individual gene.

Dr Raja Mugasimangalam, CEO of Genotypic Technology said, “Shiv Nadar University, Delhi NCR not only have a highly knowledgeable faculty well-versed in the science of genomics, but also students with great interest in this field. Recognizing genomics as the future and an enabling technology, we are eager to inspire the younger generation to embrace this field.”

During the inaugural event, Shikhar Malhotra, CEO & Vice Chairman of HCL Healthcare, said, “HCL Healthcare focuses on preventive healthcare, particularly for companies and corporates. The overarching vision revolves around harnessing genomics for predictive analysis and healthcare, aiming to deliver precision-based solutions that significantly enhance lives. The Genomics Conference is an exciting opportunity for us to explore the cutting-edge possibilities in this field and truly revolutionize predictive healthcare.”

Dr Sanjeev Galande, Dean of School of Natural Science at Shiv Nadar University, Delhi NCR said, “Some scientists are focused on extending lifespan, while another group strives to understand how to lead a healthy life during aging. In any case, predictive healthcare is the future of medicine, and genomics and epigenomics play a significant role, providing us the power to comprehend and project our health journey for the years ahead. At the Center of Excellence in Epigenetics at the University, we are precisely addressing such complex health related problems using epigenomics methods and disease models.”

KLH Hyderabad Campus and IRMA Join Forces for Skill Development and Capacity Building Workshop

KLH Hyderabad Campus

Hyderabad, 6th February 2024 – KLH Hyderabad and The Institute of Rural Management Anand (IRMA) recently organized a three-day Capacity Building Workshop for the personnel of Jan SikshanSansthan (JSS), which was a crucial event aimed at boosting skill development in rural regions. The workshop aimed to enhance the skills and capabilities of the Jan Sikshan Sansthan personnel, focusing on empowering them with the latest tools and techniques in skill development.

The collaboration between KLH Hyderabad Campus of KL Deemed to be University and IRMA covered a wide range sessions, from an engaging field visit to the IIIT Incubation Centre, which showcases innovation and entrepreneurial endeavors, to discussions on many aspects of development with a focus on inclusivity and sustainability. Key issues facing the development industry were covered in informative courses on time management, digital and social media marketing, financial inclusion, and stakeholder management. The Jan SikshanSansthan (JSS) staff members collaborated and grew closer after participating in a team-building exercise, and their note-taking and drafting abilities were refined for efficient documentation.

Jan Sikshan Sansthans play an important role in imparting vocational training and skill development programs in rural areas, contributing significantly to the government’s vision of a skilled and employable workforce. Under the leadership of Dr. Hippu Salk Kristle Nathan, Workshop Coordinator and Ms. Moxa Y Thakkar, Program Manager from IRMA, the workshop coordinator, participants from Andhra Pradesh, Chhattisgarh, Maharashtra, and Telangana convened. Prof. Prasad Gollanapalli, widely known as ‘Sarvodaya’ Prasad, was the Chief Guest at the inaugural session. The course addressed a few important facets of professional development aimed at improving the JSS staff members’ competencies.

Speaking on the occasion Dr. G. Pardha Saradhi Varma, Vice Chancellor, KL Deemed to be University said “By equipping staff with the up-to-date knowledge and skills, the university aims to support the government’s vision of creating a skilled and employable workforce. Additionally, the university emphasizes empowering rural youth through vocational training, enabling them to contribute meaningfully to rural development. This approach not only enhances individual opportunities but also strengthens communities and economies in rural region.”

Faculty members from KLH Global Business School are proactively training the staff in the latest techniques and advancements in their respective fields. In alignment with the mission, Dr. A. Ramakrishna, Principal of KLH Hyderabad Campus along with other faculty members are collaboratively working towards inclusive development, community upliftment and practical strategies for effective implementation of empowering schemes at the campus.

byteXL completes 4 years in transforming engineering education in India

byteXL

Hyderabad, 6th February 2024 – byteXL, one of India’s leading EdTech platforms focused on transforming engineering institutes, has celebrated its 4th anniversary with great enthusiasm and grandeur in Hyderabad. The jubilant event drew together over 200 guests including byteXL Investors, business leaders, employees, and associates representing 22 engineering institutes nationwide.

Against the backdrop of festivity, byteXL orchestrated a series of celebratory activities, including inspirational speeches by the founder Karun Tadepalli, and co-founder Charan Tadepalli, engaging byteXL trivia games and collaborative team-building exercises. The occasion also served as a platform to honor and reward outstanding employees whose unwavering commitment has propelled byteXL’s mission of reshaping engineering education across the nation.

From a humble beginning in 2019 with just 2 employees, byteXL has burgeoned to a workforce exceeding 200 associates, who are actively training more than 1,20,000 engineering students across India. In the span of these remarkable 4 years, byteXL has been instrumental in facilitating the placement of more than 41,000 students in leading multinational corporations such as TCS, Infosys, Wipro, and numerous innovative product-based enterprises.

Overjoyed with the gathering, Mr.Joseph Joy,abyteXL investors, said, “The journey of byteXL over these 4 years exemplifies our dedication to advancing engineering education and aligning the engineering curriculum with industrial needs. This celebration is a testament to the collective efforts of every individual who has contributed to byteXL’s remarkable growth. As we celebrate this milestone, we are more committed than before and will continue to meet the growing engineering industry demands with the latest curriculum”.

With much joy, Mr.Krishna Kottapalli, another byteXL investor said,“I am thrilled to witness the growth of byteXL in 4 years and the heights it has conquered with this short span of time. The collective efforts of every individual involved in byteXL s growth reflects in its success. I am sure we will strive forward with even more enthusiasm, and we are excited about the journey ahead as well as remain committed to our sole purpose”

SOMANY ‘Max Coverstone 15’ Collection: Grand Design Beyond Limits

SOMANY 'Max

6th February 2024: In its relentless pursuit of innovation, SOMANY Ceramics has taken a major leap forward with the Somany Max Coverstone 15 Collection, which can truly be considered as a paradigm shift in luxury slabs. This revolutionary line combines cutting-edge technology, diverse designs, and a commitment to sustainability. The collection is not an ordinary range of slabs — rather a bold statement in design and functionality. It redefines spaces, offering an immersive experience in dimensions that range from 800x2400mm to the grand 800x2600mm and 800x3000mm. This collection with varied sizes is setting the bar high for large format premium slabs.

The celebrated Somany Max Coverstone 15 Collection incorporates the coveted Frittage Compact Slabs technology, a meticulous process involving exposure to extreme temperatures. This results in a surface that is not only visually striking but also remarkably resilient. Resistant to Fire, stain and scratches— the collection ensures longevity without compromising on elegance. The range further unfolds into distinct product lines, each offering a unique blend of artistry and functionality. Coverstone 15 stands out with its 15mm thickness, showcasing the harmonious blend of various inks and digital glazes. It goes beyond conventional tiles, promising surfaces that captivate and inspire. No matter what the application or use case remains, the true USP of the Somany Max Coverstone 15 Collection lies in its finish, durability and variants. Whether you’re someone looking for aesthetics or one who prefers natural tones in their interiors and spaces — the range covers all the verticals with relative ease.

It’s Technical Porcelain range stands out for its vibrant palette and unparalleled brightness. Crafted Full body slabs, include LEIA, Nebula, Stella, Alessia, and LITH, showcasing a uniform use of body granules. With striking new hues introduced in the industry for the first time like Brick Red, Ocean Blue, and Sapphire Blue, this range boasts the broadest spectrum of Technical porcelain slabs in the industry.

Somany Max Coverstone 15 collection has also garnered popularity for its Contemporary Surfaces, a culmination of innovation & aesthetics. From the velvety Ultra Matt Surfaces of QUILLTOUCH to the intricate designs of SHAPETech created through multiple printing machines, this range sets new standards. Imbibing 3-dimensional luxury granite, alongside the natural beauty of Natural Stone & Rare Earth Marbles, the exquisite surfaces of CARVO & GEMA collection redefine elegance with timeless sophistication and unparalleled grace. The ‘Somany Max Coverstone 15’ collection showcases precision in design, offering a diverse range of options for creating spaces that inspire.

When it comes to luxury polish, the ‘LUX’ range introduces high-gloss Glass top surfaces with stunning visual impact and unparalleled clarity. Replicating the patterns and textures of natural marbles, this range opens doors to endless design possibilities, serving as a sophisticated replacement. The ‘LUX’ range comes across as not just a collection of slabs but a journey into luxury — with each surface tells a unique story of timeless elegance.

In addition to its groundbreaking design and technology, the versatile Somany Max Coverstone 15 Slabs find extensive application across various settings, making it an ideal choice for a multitude of projects. Whether it’s for kitchen and vanity countertops, stylish table tops, elegant dining tables, durable staircases, sleek window sills, or the adornment of lift and door frames, the collection seamlessly integrates into diverse architectural elements. Its adaptability extends to wall and floor applications, where the minimized grout lines enhance visual appeal. The Somany Max Coverstone 15 Collection is not confined to residential spaces alone; it finds wide usage in hotels, lobbies, receptions, restaurants, lifts, kitchens, bathrooms, and more, making it the go-to choice for those seeking a perfect blend of functionality and sophistication in their spaces.

Beyond the aesthetics, the Somany Max Coverstone 15 reflects SOMANY Ceramic’s focus upon sustainability. Each slab from the range is a blend of innovation and responsibility, setting new industry standards. SOMANY Ceramics, as an industry leader, continues to push boundaries with the newly launched Collection. With these superior slabs, SOMANY has set its mission right, to transform spaces into refined, artistic environments.

India’s ElectronicsHardware Exports Achieve Remarkable 50.25% Growth : ESC Study

6th February 2024 – The recent analytical report released by the Electronics and Computer Software Export Promotion Council (ESC) for the fiscal year 2022-23 reveals a noteworthy 50.25% surge in exports of electronics goods and components compared to the previous year, amounting to an impressive US$ 23.58 billion.

Mr. Sandeep Narula, Chairman of ESC, highlights the significance of this growth, stating, “This surge, from US$ 15.69 billion in 2021-22 to US$ 23.58 billion in 2022-23, underscores steady and impressive growth in India’s global electronics market.” He attributes this robust expansion to supportive government policies and the electronics industry’s determination to advance within the value chain.

The comprehensive report on the electronics hardware sector was unveiled at IndiaSoft 2024 and the 9th edition of the India Electronics Show in New Delhi. These events, attended by over 600 delegates from 70-plus countries, proved to be catalysts for substantial business, generating billions of dollars for companies showcasing their products, solutions, and devices. Notably, key figures in the Indian ICT sector, including Padmashree Shri Saurabh Srivastava, Shri M.L. Tandon, Dr. Lalit Kanodia, Dr. Ankur Bhatia, and Shri Sunder T Vachani, were acknowledged for their significant contributions.

ESC’s analysis reveals remarkable growth in high-value additions in the electronics instruments and components category, with a 41% increase in electronics components exports during 2022-23. The export value of electronic components/sub-assemblies surged from US$ 3.6 billion in 2021-22 to US$ 5.20 billion in 2022-23, with solar panels emerging as a top export item valued at US$ 1.03 billion. Indian solar panel manufacturers achieved an impressive value addition of over 40%.

Mr. Gurmeet Singh, Executive Director of ESC, notes, “This is a significant development demonstrating the upward movement of the Indian solar industry in tandem with the global solar market.” Other key exports in this subsector include lead-acid accumulators, transformers, monolithic ICs, PCBs, and passive components.

The export of electronic instruments also witnessed a commendable 23% growth in 2022-23, driven by major items such as rectifiers, inverters, battery chargers, and ATMs.

Mr. Narula attributes this success to the visionary leadership of Prime Minister Shri Narendra Modi, transforming India into a technological powerhouse. He underscores the need for sustained momentum, advocating for the introduction of additional incentive schemes to fuel innovation, attract investments, and create a conducive environment for the technology sector to thrive. These initiatives, along the lines of PLI and DLI, are crucial for positioning India as a global leader in technological innovation and a vital contributor to the global value chain.

Ekaa’s Epicurean Excursion to Cafe Pluck at Pullman New Delhi Aerocity

New Delhi,6th February 2024 – Embarking on a gourmet celebration, Pullman New Delhi Aerocity is all set to present a captivating dining experience through an exclusive collaboration with Ekaa. Situated within the timeless allure of Fort, Mumbai, Ekaa offers a contemporary dining adventure, featuring an experiential menu and a meticulously crafted narrative centered around ingredients. Ekaa, signifying ‘One,’ ‘Unique,’ or ‘Matchless,’ places a spotlight on seasonality and produce, while the dishes are juxtaposed with non-traditional techniques.

Café Pluck, with its vibrant ambiance and a dedicated embrace of art, sets the stage for Head Chef Niyati Rao to infuse a joyful touch of minimalism into every dish. In this culinary haven, where art and flavor converge, ingredients take the spotlight in an elegantly understated setting.Over the two-day pop-up, one gets to savor signature dishes of the acclaimed restaurant with their own spin to the recipes drawing inspiration from The Kingdom of Siam, The Kingdom of the Tzars, The Kingdom of the Aztecs, The Kingdom of the Marathas and more.

Ekaa’s menu, hailed as a gourmet masterpiece, offers chef-interpreted creations inspired by seasons, cultures, and personal journeys. Elevate your dining experience with a 10-course menu at Café Pluck, where each dish unfolds as a delightful adventure accompanied by captivating storytelling.

Don’t miss the chance to savour Ekaa’s signature dishes, meticulously crafted to showcase their culinary prowess. Furthermore, pair these delights with a curated selection of signature beverages that complement the unique flavours, adding an extra layer of indulgence to your dining experience.

Guests are invited to indulge in the delectable affair with Ekaa at Cafe Pluck, where an array of delightful experiences await.

Cafe Pluck, Pullman New Delhi Aerocity
8th February: Dinner
9th February: Lunch and Dinner
INR 5500 plus taxes
For reservations, call: +91 9871666600

Thyrocare To Acquire Think Health Diagnostics To Enter Into Providing ECG Services At Home

Thyrocare To Acquire

India, 6th February 2024 In a significant stride towards fortifying its position in India’s healthcare landscape, Thyrocare, a leading diagnostic and preventive healthcare service provider in India, will be acquiring 100% stake in Chennai-based Think Health Diagnostics and a related entity. In this regard, Thyrocare has entered into a Share Purchase Agreement with Think Health Diagnostics and their existing shareholders on February 1, 2024. With this acquisition, Thyrocare becomes India’s one of the largest diagnostics at home healthcare service providers. This strategic acquisition helps Thyrocare provide ECG services at home. This acquisition paves the way for Thyrocare to tap additionally into the insurance segment.

Mr. Rahul Guha, MD & CEO of Thyrocare Technologies Ltd., expressed, ” With the strategic acquisition of Think Health Diagnostics, we are well-positioned to expand our footprint in pre-policy medical checkups for the insurance segment. This will allow us to give our insurance partners a one stop solution for blood and ECG testing and further deepen our presence in the Pre Policy Medical Checkup and Annual Health Checkup market. Our vision is to scale these services nationwide, leveraging our robust at-home service network and spearheading advancements in comprehensive healthcare accessibility for all across India.”

This merger enhances Thyrocare’s partnership business with the existing Think Health operational presence in 10 cities namely Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kanpur, Mumbai, Pune, Surat and Jaipur. With such presence, it sets the stage for a nationwide expansion.

Mr. Piyush Singh, Head of Partnerships at Thyrocare Technologies Ltd., mentioned “Think Health Diagnostics’ great work in doing ECGs at home fits perfectly with our plans for the Pre-Policy Medical Checkup market. We’re looking to expand these services to more than 100 cities in the next year, making it easier for people to get the healthcare they need.”

The synergy between Thyrocare and Think Health Diagnostics is poised to create India’s largest home phlebotomy network with 100+ phlebotomists trained to provide ECG services at home in addition to Thyrocare’s existing network of 900+ blood-collection phlebotomists. Think Health Diagnostics’ expertise in home healthcare technology, combined with Thyrocare’s robust infrastructure, promises enhanced service delivery and an unparalleled patient experience. The merger underscores the commitment to provide improved service delivery, faster turnaround times and unmatched patient convenience.

“This acquisition marks a pivotal moment in our growth trajectory,” says Karkavel, CEO & Director, Think Health Diagnostics. “Thyrocare’s strategic alignment with Think Health’s home diagnostics expertise is undeniable. Together, we will leverage our extensive network and expertise to create an unparalleled offering, delivering seamless healthcare directly to patients’ doorsteps.”

“Our heartfelt gratitude goes out to our teams and stakeholders for their unwavering support. United, we look forward to a future of expansion and growth, committed to serving a wider patient base and delivering the best possible healthcare experience,” he adds.